We’ve Seen This Movie Before
by Tyler Durden
This week just happens to be the 160th anniversary of Britain and France’s declaration of war on Russia in what would eventually become known as the Crimean War. Part 1. At the time, Russia was a rising power. Other nations in the region– particularly France and the Ottoman Empire, were in obvious decline. All of this should sound familiar. As Mark Twain said, history might not necessarily repeat, but it certainly rhymes. By dropping Russia from the G-8, they’re proving beyond a doubt that the G8 has no power… and practically shoving Russia into bed with China. This is a classic example of how formerly great powers accelerate their own decline. And Mr. Obama and his colleagues seem to be following this playbook to a T.